Business

Roth and traditional IRAs are both savings accounts that are geared towards a person’s eventual retirement. They are similar to a 401K with which a company would set you up, the difference being that you’re the one who is setting up the account and you’re putting money into it according to a schedule that you set, rather than every week as is traditional with a 401K. You might set up a self directed IRA today if it’s something that interests you, but before you dive in, let’s take a few moments to talk about the difference between the traditional IRA and the Roth version that is also popular.

When and How Your Money is Taxed

The most notable differences between Roth and traditional IRAs have to do with how and when the government taxes you on the money that you are putting in. Uncle Sam is always going to have a handout. That much is unavoidable, but with a traditional IRA, your contributions are tax deductible in the year that they were made. If you get a Roth IRA, then your withdrawals are not taxed when you make it to retirement.

Think About the Tax Rate

In determining which one you should be getting, the most critical question that you should be asking yourself is whether you think that your tax rate is going to be lower or higher in the future when you want to cash out. Few people can answer that question definitively, but for the ones who can, the choice becomes easier. If your tax rate is going to be higher, then you’re going to want to get the Roth IRA because of the deferred tax benefit. If it is going to be lower, then it’s got to be the traditional IRA because with that you get the tax benefit up front.

The problem with this approach, of course, is that most people have no idea what their tax rate is going to be when they retire, as most of them start up an IRA when they are decades away from getting out of the workforce.

Flexibility

Many people decide to go with a Roth, though, and the reason is that there are much more flexible rules that go along with one, especially as it relates to early withdrawals. Ideally, you don’t want to take any money out of your IRA until you hit 59 ½, which is when most people are eligible to dip into that money without penalties. Sometimes the unexpected happens, though, and you need money for things like buying a home. The Roth also has rules in place that make it easier for you to pass money on to your heirs if that’s what you decide that you want to do with some of it.

Which Will You Choose?

Several considerations are going to have to go into your decision, and if you think that now’s the time to start up an IRA, you may wish to consult with a retirement expert at your bank. They should be able to explain any further details about the Roth and traditional IRA versions to you, and together you can pick the one that makes the most sense for your needs.

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There are ingredients that make up a successful business–determination, hard work and skill– but there is also uncertainty. Business helps to limit the uncertainty of running a business.

The following tips will show you how to invest in the right insurance to safeguard your business:

Understand what you need

There are many options for business insurance and knowing the right one to go for is the first step in safeguarding your business. For example, the insurance coverage needed to run a one-man business may be different if you have employees. Know the risks and damages you can incur in the day-to-day running of your business. Ask yourself: Is there a possibility that a member of the public can be injured by my products or in my premises? This way, you can protect your company against unforeseen occurrences.

Talk to a professional

After your research, speak to an insurance professional before getting started. An expert in your field can help choose the right insurance cover for you. The business you run will largely dictate your choice of insurance cover and the volume of your risk will be accounted for in your coverage plan. The specifics of insurance can be confusing to the average person, so having someone on hand that can explain terminology and other nuances of the industry can be worthwhile, especially when you are choosing a new form of insurance for the first time.

Keep home and business separate

Many small businesses operate from home and in most cases; resources are shared between the business and the home. It is never a good idea to merge your home with your office insurance. For instance, if your employee is involved in an accident while doing a delivery using your private car, is your car insurance going to pay for the medical bills? Can your home insurance cover for theft to your home office equipment? What happens if your small business is sued for giving advice that leads to a financial loss? This is where professional indemnity comes in and underscores the importance of keeping your business insurance separate from your home insurance.

Consider business interruption insurance

Business interruption insurance is often overlooked by business owners. In the event that something happens and you cannot run your business for some time, how do you manage the loss of income during that period? It is your responsibility to consider this scenario especially if you deal in goods and items that can perish after a period. While business interruption insurance is not a compulsory part of your business insurance, it is something you should consider.

When setting up your insurance, consider not just what you need at the moment, but what you will also need as your business grows. If you are not sure about the evolving needs of your business, you can always add more cover at a later date. No matter how you decide to go, having insurance is infinitely better than not having insurance, as you can be assured of some form of financial protection should something unexpected come along.

It is true the traders will have to use their targets to define the position sizes. Then the position sizes will have to be ensured with proper market analysis. So, the traders will have to work with their own targets for proper performance in the trading marketplace like Forex. From the beginning of your career, there will have to be properly setup from your side to the trading business. Without proper and efficient plants, the trading performance will not be good for the traders. That is why we are here with this article to teach you about the proper perspective to the trading business. It will make you a decent trader to work with and against the markets for good returns. We will be trying our best to give you the right idea about trading. Hope it will help the performance to grow in the business process.

The markets will not work with yourself

You will be surprised to know about the uncertainty of the trading marketplace. Most of the cases of trading, the new Aussie traders find their position sizes getting ruined. That happens because of the sudden change of the trends in the trading markets. Thus, you will end up losing a good amount of money from your own trading business. But with some simple trick, the traders can manage their own trading performance to the most efficient level. We are talking about making plans for a decent profit target. It will help you to make the trades properly without experiencing any kind of unfortunate spikes or change in the trends. And try to work with higher timeframes in the markets for profound key swings.

Dealing with your emotions

Dealing with human emotions is a very complex process. Even after knowing all the details of the market you might not be able to make money in the Forex market. Trading CFD requires stable mindset and complete control over your emotions. You might be relatively new to the trading profession, but this doesn’t mean you will have to lose real money. Start to trade the market in the demo accounts and develop your skills. Work hard to develop a strong basic so that you find great trades in favor of the market trend.

Risks are going to have proper protection

Risking too much in the trades is a mistake made by the traders from their own plans. Most of us know about a legit fact about normal business which tells you to invest more for earning more, right? But the trading profession is completely different than you think in this region. Most of the traders will end up losing a lot from the trades with high risks. They think about getting more profits with a little change in pips. But the actual result comes in a negative form for the traders. Because a small change of the pips in the opposite direction of your trade can cost you a lot of money from the account. For that, you will have to work with very less investment into the trades and try to maintain good income with the proper timeframe of trading.

You may not expect a certain result from a trade

There will be a lot of problems in the process of trading for most of the traders. If you are failing a lot of times, hear that the pro traders also fail once in a while. But they stick with their own trading edge all the time and do not look to the losses. Even winning trades do not ruin their performance with an overflow of dopamine inside of their head. To be a proper trader in the Forex marketplace, you will also have to be like that for a good performance. When it will be possible, the position sizing will be fixed for your trades and the returns will also be pleasing for your ego.

James Dondero is the co-founder and president of Highland Capital Management. Mr. Dondero has provided the perfect example for individuals wishing to use their business acumen for the benefit of philanthropic work.

It is the philosophy of Dondero that the most fortunate individuals in society bear a greater responsibility to affect positive change intended to benefit all individuals. He believes that through philanthropic efforts, the bulk of this responsibility is satisfied.

Charitable pursuits have been a major focus of Highland Captial since its inception. Highland demonstrates this fact by supporting a number of charities and non-profits in their hometown of Dallas, Texas. The following is a look at two of the programs supported by Highland Capital.

The Family Place

Highland Capital took advantage of the guidance it received from Linda Owens to support The Family Place. Ms. Owens is the former chief executive officer for Woodall Rodgers Park Foundation. She now works in an advisory role with Highland Capital and instructs them on charitable endeavors.

Highland supported the non-profit with a challenge grant worth $1 million. The grant assured The Family Place reached their fundraising goals faster than scheduled.

The Family Place provides services to people affected by family violence in the state of Texas. The agency provides shelter, counseling, and education to victims of violence. The organization also provides education and training to teens regarding bullying and the prevention of teen dating violence.

The Family Place is responsible for the first shelter in the state of Texas for the benefit of men victimized by family violence. Men are also allowed at the shelter who have custody of their children. The educational programs are also offered in Spanish.

The challenge grant provided by Highland was an agreement by the company to match all donations given to the non-profit up to $1 million. The funds were used to pay for a new counseling center located in the Central Dallas area.

Paige Flink, the executive director of The Family Place encouraged donations by explaining to parties interested in supporting the organization that the impact of their gift would be increased by the pledge from Highland. Dondero also uses relationships he and his company has with other businesses and non-profits to secure support for The Family Place.

SMU Towers Program

 

Highland Capital Management worked with Southern Methodist University to create the Towers Scholar Program. Highland Capital gifted $2 million to fund the endowment that will be named in the company’s honor.

The Tower Scholars Program supports undergraduate students studying international affairs and politics who have demonstrated exceptional achievement. The program hopes to stimulate an interest in these and other students for ethical public service. Students selected for the program are provided with the opportunity to study abroad, experience with policymaking for public issues, involvement with global leaders, and internships.

Admission to the program is a competitive progress that takes into account academic achievement, participation in extracurricular activities, the student’s future involvement with public policy, and other factors.

One class has graduated from the Tower Scholars Program since the initial donation from James Dondero and Highland Capital. The students have gone on to achieve great things already in their young lives.

Conclusion

James Dondero founded Highland Capital Management, along with Mark Okada, in 1993. Mr. Dondero graduated from the McIntire School of Commerce at the University of Virginia and worked at numerous endeavors before settling at Highland. Mr. Dondero believed from the beginning that philanthropy is an important part of Highland Capital operations. The company’s involvement with the two non-profits above, as well as others, show that the belief in philanthropy is as strong within company ranks as ever.

Jacob Gottlieb is back in the healthcare investment sector with a new company known as Altium Capital Management, LP. Between 2016 and mid-2017, he was out of investment activity and was winding up the operations of the former firm he worked with known as Visium Asset Management.

Gottlieb is passionate about matters of the healthcare industry, especially on investment. He is even regarded as the titan of the healthcare investment industry because of the success he has recorded in his career. He has risen to top positions in the industry by heading various successful hedge funds as a fund manager and CEO. Altium Capital is aligned based on his expertise and knowledge in healthcare investments. It is most likely to be the next big thing in the healthcare investment sector and will mark his successful comeback after the end of Visium Asset Management. With investors in the financial and healthcare industries expecting a good business environment in the future, Gottlieb is likely to be one of the best performers.

Gottlieb built Visium Asset Management and built it between 2005 and 2016. It became one of the key firms in the healthcare investment sector. It attracted high profile investors in the field of pension funds. With Visium, he brought together a team of professionals who assisted him to take the value of the asset of the company from $300 million to $8 billion. Gottlieb has previously worked with other companies such as Merlin Biomed Group, Sanford C. Bernstein, and Balyasny Asset Management. In these organizations, he created his reputation as a top portfolio manager.

The Rise of Altium Capital

After the end of Visium Asset Management, Jacob Gottlieb was ready to move on and establish a new firm. Altium Capital is the vehicle he is now using to run a successful healthcare investment business. The firm is benefiting from the good reputation of Jacob Gottlieb as a top investor in the healthcare industry. Altium is building a strong portfolio with investment in a few firms.

Altium has made a 5.61 percent investment at Oramed Pharmaceuticals Inc. Oramed Pharmaceuticals is developing alternative medical treatments. One of its main golas is to develop an oral drug as opposed to the injection drugs used for diabetes treatment. This method is going to reduce treatment costs, reduction of infections and improve patient comfort.

Other companies in Altium’s portfolio include Amarin, which develops cardiovascular drugs and Oragenics which develops antibiotics against infectious diseases.

The Lineup

Altium Capital under the leadership of Jacob Gottlieb is now a successful investment firm. He has added senior investment professionals in hedge funds and healthcare sector to assist him in running a successful business. The focus of the company is to generate from equity-focused products. Combined with fundamental analysis, Altium is ready to make investments that guarantee a high risk-reward ratio.

Growth Report

Altium Capital recently released its growth report, and the numbers are impressive. In five months of operation since opening doors in June 2018, it had made 7.37 percent returns. The results show that the company is most likely to perform very well in the long-term. Gottlieb is taking every possible measure to ensure that the ghost of Visium Management does not crawl into the new firm. He is observing due diligence, and that’s why the results have started coming out true. By seeking out firms that offer important health and medical treatment methods, the firm will boost the healthcare sector while at the same time befitting from the proceeds of growth in top companies. Gottlieb is a big name in the industry, and his prowess will come out clearly as Altium Capital does more business.

If used wisely, social media could be a powerful tool that can help create enormous benefits for a sports club or organization. It can be used to an informative or promotional end, and completely change the picture the fan base has about a club or a sports personality.

Moreover, social media can greatly affect the return on investment (ROI) in sports, as we have already seen in some popular examples in the world of sports, listed in the infographic below by Betting Sites.

For example, by using Facebook, the NBA champions Golden State Warriors had an 89 time bigger ROI compared to before focusing on this social media outlet. The organization managed to change its public image and create one that is more appealing to the average fan. The result was that it became more attractive and could make more sales.

In the world of soccer, the most popular European clubs such as Real Madrid and Barcelona have  more than 100 million followers each on social media. Interestingly, the infographic below shows that the average revenue per one social media follower for soccer clubs is €10. You can do the math yourself – this is a huge boost for the clubs’ annual budget.

However, this gold mine is not reserved just for the greatest sports stars and the most legendary clubs. Underdogs can do the same if they follow the right set of rules.

For instance, the Texas Christian University’s volleyball team experienced a 40% increase in profits after it started using social media platforms. In addition, after just seven weeks of activity on social media, the team managed to increase game attendance by a whopping 24%.

Thus, social media seems to be a pot of gold available to everyone. All you need to do is reach for it and draw handfuls in revenue. If these facts sparked your interest, read the rest of the incredible data in the infographic below.